Posted on 12/20/2016 9:26:35 PM PST by libh8er
Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump.
Economically, it’s been a banner year for India. In February, it surpassed China as the world’s fastest-growing economy. And in October, the International Monetary Fund predicted India would retain that title for the foreseeable future; its GDP is projected to increase by 7.6 percent through 2017.
“India may have a large population base but this is a big leap,” Kiren Rijiju, India’s minister of state for home affairs, said of the news earlier this week.
India’s former colonial ruler, the United Kingdom, is projected to grow by only 1.8 percent in 2016 and 1.1 percent in 2017. Since it voted to leave the European Union in June, which could entail leaving the EU’s lucrative common market, Britain’s economy and currency have struggled.
(Excerpt) Read more at foreignpolicy.com ...
The author seems much more scholarly and researched and believable than your rambling post without a shred of evidence.
Correct you are. India has NEVER invaded or bombed another country in it’s 5000 year history. Which simply means it is not an aggressive power. Now with its 7+% annual growth rate of GDP, it does have the capability to defend itself without needed umbrella defense pacts such as NATO.
Keep in mind though, during that time period "India" was little more than a geographic expression. See Middle kingdoms of India.
“The author seems much more scholarly and researched and believable than your rambling post without a shred of evidence.”
Hello, sucker.
“There’s a sucker born every minute.” - PT Barnum
“The author seems much more scholarly and researched and believable than your rambling post without a shred of evidence.”
Hello, sucker.
“There’s a sucker born every minute.” - PT Barnum
2.3% - yet that’s about 30 million :)
It took over overlordship of various Indian nations in the 1800s which is why from 1853 it overtook India economically.
Then from 1947 India implemented Socialism which kept it down -- THAT's the key reason why India is still poor. It dismantled socialism in 1991 and has been growing steadily and rapidly since then
So the answer to your question is that socialism sucks -- it kept India down and it stagnated the UK from '47 onwards (and still does). Why did Obama want to implement a failed policy in the USA?
actually the removal of the two larger notes seems to have a deflationary effect.
Are they saying it’s not a third world country. Truly shocking, if true!
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